Music Business Worldwide – Page 112

From Universal’s $10bn revenues to Epic Games’ Bandcamp buyout: It’s MBW’s Weekly Round-Up

Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling arti…

iHeartMedia’s Lisa Worden to be honored as ‘International Music Person of The Year’ at MUSEXPO Creative Summit 2022

Event set to return with its first in-person edition since 2019
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Christine Pepe named VP, Business and Legal Affairs, at Utopia

Pepe joins Utopia from NBCUniversal
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Universal Music Group spent $459m on catalog acquisitions last year… less than half what it spent in 2020

New investor presentation reveals interesting numbers and facts around UMG’s acquisition strategy
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Universal Music Group surpassed $10 billion in revenues last year. It’s now double the size it was a decade ago.

UMG’s adjusted annual EBITDA topped $2 billion last year, according to MBW’s calcuations
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Germany’s record business generated $2bn for second straight year in 2021

BVMI reports that the German market’s revenues from physical music sales and streaming generated a total of 1.96 billion euros (approximately $2.25bn), an increase of 10% year-over-year compared to 2020.
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